The Federation Account Allocation Committee (FAAC) has announced the distribution of ₦1.82 trillion among the three tiers of government as allocation for June 2025, marking an increase of ₦170 billion compared to the ₦1.65 trillion shared in May.

This was disclosed in a communiqué issued following FAAC’s July 2025 meeting, and signed by Bawa Mokwa, Director of Press at the Office of the Accountant-General of the Federation (OAGF).

According to the communiqué, the ₦1.82 trillion distributable revenue comprised the following:

• ₦1.01 trillion in statutory revenue
• ₦631.51 billion from Value Added Tax (VAT)
• ₦29.17 billion from the Electronic Money Transfer Levy (EMTL)
• ₦38.84 billion from exchange rate gains
• ₦100 billion as augmentation from non-mineral revenue sources

Additionally, total gross revenue for the month stood at ₦4.23 trillion, with ₦162.79 billion deducted for collection costs and ₦2.25 trillion allocated to transfers, interventions, refunds, and savings.

Breakdown of Distributable Revenue:

• Federal Government: ₦645.38 billion
• State Governments: ₦607.42 billion
• Local Governments: ₦444.85 billion
• Oil-Producing States (13% derivation): ₦120.76 billion

Statutory Revenue (₦1.018 trillion):

• Federal Government: ₦474.46 billion
• States: ₦240.65 billion
• Local Governments: ₦185.53 billion
• Oil Derivation (13%): ₦118.26 billion

VAT Revenue (₦631.51 billion):

• Federal Government: ₦94.73 billion
• States: ₦315.75 billion
• Local Governments: ₦221.03 billion

EMTL (₦29.17 billion):

• Federal Government: ₦4.38 billion
• States: ₦14.58 billion
• Local Governments: ₦10.21 billion

Exchange Rate Gains (₦38.84 billion):

• Federal Government: ₦19.14 billion
• States: ₦9.71 billion
• Local Governments: ₦7.48 billion
• Oil Derivation (13%): ₦2.50 billion

Non-Mineral Augmentation (₦100 billion):

• Federal Government: ₦52.68 billion
• States: ₦26.72 billion
• Local Governments: ₦20.60 billion

Revenue Trends for June 2025:

FAAC reported increased collections from Company Income Tax (CIT), Petroleum Profit Tax (PPT), and EMTL. However, there was a notable decline in revenue from oil and gas royalties, VAT, import duty, excise duty, and Common External Tariff (CET) levies.

As Nigeria navigates evolving economic conditions, it is essential for businesses and individuals to stay informed about federal allocations and fiscal performance indicators. For tailored advice on how these developments may impact your tax planning or compliance obligations, contact our team of experts.

For professional advice on Accountancy, Transfer Pricing, Tax, Assurance, Outsourcing, online accounting support, Company Registration, and CAC matters, please contact Inner Konsult Ltd at www.innerkonsult.com at Lagos, Ogun state Nigeria offices. You can also reach us via WhatsApp at +2348038460036.